apple patient
  • Home
  • News
  • Rumors
  • Tips & Tricks
  • Tests & Experience Reports
  • Generally
No Result
View All Result
  • Home
  • News
  • Rumors
  • Tips & Tricks
  • Tests & Experience Reports
  • Generally
No Result
View All Result
apple patient
No Result
View All Result

The future of the Apple Card: Goldman Sachs goes

by Milan
November 29, 2023
in News
Apple Card Goldman Sachs

Photo by Unsplash / blocks

The Apple Card, one of the most innovative credit cards on the market, will undergo a significant change in the coming months. Apple has announced that it is ending its long-standing partnership with Goldman Sachs, which could have far-reaching consequences for the future of this card and its users. In this article, we will examine the reasons for this decision, the collaboration between the two companies so far and possible developments.

Launched in 2019 in partnership with Goldman Sachs, the Apple Card revolutionized the world of credit cards with its minimalist design and easy-to-use financial tools. It was well received by consumers and was seen as a symbol of Apple's constant pursuit of innovation and improving the customer experience. But now, after several years of partnership, the future of the Apple Card is at stake.

Uncertain future: What does the separation mean for Apple Card users?

Apple's announcement to end its partnership with Goldman Sachs was made recently and sent shockwaves through the financial world. The separation is expected to be completed in the next 12 to 15 months. However, it remains unclear whether Apple already has plans for a new partnership related to the Apple Card. This decision also affects the Apple Savings Account, which was offered in conjunction with Goldman Sachs. However, Apple has assured that it will continue to provide its customers with the best tools and services. In an official opinion Apple said:

Apple and Goldman Sachs are focused on delivering an incredible experience to our customers to help them live healthier financial lives. The award-winning Apple Card has been very well received by consumers, and we will continue to innovate to offer them the best tools and services.

Synchrony Financial in discussion as a potential new partner

Rumors of a potential split between Goldman Sachs and Apple began circulating earlier this year. The investment bank was looking to downsize its retail banking business and was reportedly linked to American Express. However, Apple Card was set to remain on the Mastercard network until 2026, complicating negotiations. The Wall Street Journal also reports that Synchrony Financial, one of the largest consumer credit card issuers, is considering acquiring Apple Card. The partnership between Goldman Sachs and Apple has not always been smooth. There have been long wait times for disputed Apple Card transactions and issues with the Apple Savings account, leading to tensions between the companies.

Difficulties in the partnership between Apple and Goldman Sachs

The US Consumer Financial Protection Bureau even launched an investigation into Goldman Sachs based on customer complaints. An interesting aspect of this partnership was that Goldman Sachs was unable to charge fees due to an agreement with Apple, which is common practice among many credit card issuers. The bank also did not receive a share of the fees merchants paid to Apple for accepting the Apple Card. It could not charge annual fees, late payment fees, or international transaction fees. Goldman Sachs only earned money from the loans extended to cardholders.

Looking ahead to the future of Apple Card: What awaits us?

The impending termination of the partnership between Apple and Goldman Sachs marks a turning point for the Apple Card and its users. While Apple promises to maintain the quality of service, the question of how the card landscape will evolve in the future remains open. With speculation about new partnerships and potential acquisitions in the air, the coming months will no doubt be of great importance for those who use the Apple Card. We will continue to closely monitor and report on developments in this story. Looking for new accessories? Then take a look in our Amazon Storefront - there you will find numerous products from leading providers, also for HomeKit and Co.! (Photo by Unsplash / blocks)

  • Apple Card could soon be introduced in Europe
Do you already know our Amazon Storefront? There you will find a hand-picked selection of various products for your iPhone and Co. have fun browsing.
This post contains affiliate links .
Add Apfelpatient to your Google News Feed. 
Was this article helpful?
YesNo
Tags: Apple CardApple services
Previous Post

iOS 17.2 Beta 4: Your iPhone, your sounds – finally!

Next Post

iOS 17.2 Beta 4: The latest features at a glance

Next Post
iOS 17.2 Beta

iOS 17.2 Beta 4: The latest features at a glance

iPhone Apple

Will we still need the iPhone in 10 years? Apple doubts

May 14, 2025
Apple Maps Update

Apple Maps becomes a platform for high-quality recommendations

May 14, 2025
WWDC 2025 Apple

WWDC 2025 – all the highlights around iOS 19 and more

May 14, 2025

About APFELPATIENT

Welcome to your ultimate source for everything Apple - from the latest hardware like iPhone, iPad, Apple Watch, Mac, AirTags, HomePods, AirPods to the groundbreaking Apple Vision Pro and high-quality accessories. Dive deep into the world of Apple software with the latest updates and features for iOS, iPadOS, tvOS, watchOS, macOS and visionOS. In addition to comprehensive tips and tricks, we offer you the hottest rumors, the latest news and much more to keep you up to date. Selected gaming topics also find their place with us, always with a focus on how they enrich the Apple experience. Your interest in Apple and related technology is served here with plenty of expert knowledge and passion.

Legal

  • Imprint – About APFEPATIENT
  • Cookie Settings
  • Privacy Policy
  • Terms of Use

service

  • Partner Program
  • Netiquette – About APPLEPATIENT

RSS Feed

Follow Apfelpatient:
Facebook Instagram YouTube threads
Apfelpatient Logo

© 2025 Apfelpatient. All rights reserved. | Sitemap

No Result
View All Result
  • Home
  • News
  • Rumors
  • Tips & Tricks
  • Tests & Experience Reports
  • Generally

© 2025 Apfelpatient. All rights reserved. | Page Directory